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walter1223
New Member

Not sure what it means when it says section 179 is to large

he purchased 6059.00 worth of tools and tool boxes
1 Reply
KrisD
Intuit Alumni

Not sure what it means when it says section 179 is to large

There are some limits and stipulations for applying the 179 deduction.

One rule is that it cannot be more than his net income, if it is, you will deduct some this year and carry-over the deduction over to next year.

If that is not applicable to your situation, I have included a FAQ on it.

https://ttlc.intuit.com/replies/5387864


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